Ted Nugent responds to the mushy GOP Pledge to America with a pledge as hard as his rock-and-roll — The Ted Pledge.

A few particularly good points:

Republicans should then call a news conference and burn the federal tax code on the lawn of the U.S. Capitol and then march right back into the Capitol and pass a Fair Tax. Until then, no taxes should be withheld from our paychecks. Americans should have to pay their taxes once a year so that they can see exactly how much of their income is swallowed up by Fedzilla. The GOP should pledge to move April 15, tax day, to the day before national elections in November. I assure you that would guarantee term limits.

The GOP should pledge that it will never introduce, support or pass a law that punishes the producers and rewards bloodsuckers.

The GOP should pledge to immediately stick a dagger in the heart of the death tax and all corporate taxes. This will free up untold trillions of dollars that can be used to get our economy roaring back to life and put Americans back to work.

Republicans should tell young Americans that Social Security is a Fedzilla financial Ponzi scheme and they will not receive a dime when they retire because Fedzillacrats have stolen all the money in the Social Security Trust Fund. The GOP should pledge to young workers that it will introduce legislation that will protect their IRAs and 401(k) investments from taxation when they retire.

Big problem with Fair Tax, you sell some stock now and pay capital gains. Let this sit and Fair Tax passes, you then buy a new car with the stock proceeds you paid capital gains on, and the Fair Tax taxes you again on the same funds.

Got it. Still, that one negative does not outweigh all of the positives I see in eliminating income taxes and replacing them with a national sales tax.

Written by dans about 4 years ago.

jack,

I agree that eliminating and/or modifying our current income tax schema is a good idea, but I don’t think a national sales tax is the answer.

Another negative, imagine we now have a Fair Tax, with consumer spending on durable goods down significantly over a fairly lengthy period. How to we fund our military ? A Fair Tax would tie our defense budget and other necessities to our consumer confidence index, not a good idea.

No disrespect for the Nuge, but I just don’t see where the Fair Tax has been well thought out..

Written by Bill about 4 years ago.

And couldn’t the “prebate” be a sort of welfare payment? I haven’t really studied the Fair Tax but I think the prebate is tied to your income, not what you spend. So a “poor” person could get a decent prebate even if they spend very little money.

Written by dans about 4 years ago.

“rich” – Someone who drives a Cadillac and buys their groceries with cash.
“poor” – Someone who drives a Cadillac and buys their groceries with food stamps.

The thought of some not paying taxes and getting a tax rebate makes me cynical…

I’m also with Dans on this. While I’m a huge fan of stripping down the current tax laws to eliminate loopholes, throwing the whole thing out without an honest debate is also far-fetched. sounds like something a democrat would do on knee-jerk. Because it “feels” more right.

Monk,
There has been a lot of discussion regarding a flat tax. This is an idea with legs, and has been around since the 80′s. The idea Jack is proposing is far from knee jerk. Besides who said anything about ‘no debate’.

Written by dans about 4 years ago.

jacob, jack was discussing the Fair Tax, not the same thing as the Flat Tax, which does imho, have legs.

No. That VAT is a hidden tax. A sales tax is right there on the receipt. When you get the receipt from the gas station, does it say how much you paid in taxes on that gasoline? What about your receipt from the grocery store. That’s the difference between a VAT and a sale tax.

Written by dans about 4 years ago.

VAT and Fair Tax both remain consumption taxes. As there has been no serious discussion on implementation of a Fair Tax, probably premature to say it is completely like a sales tax…